Energy Information Administration (EIA) will report Crude Oil stockpiles on weekly base to measure of the change in the number of barrels in stock of crude oil.
This report tends to generate large price volatility, as oil prices impact on worldwide economies, affecting the most, commodity related currencies such as the US dollar.
Oil Prices trend to be higher if Actual Amount is less than Forecast amount.
On previous week, the forecast of -2.088M while actual amount is 4.892M which lower the value of Crude Oil.
On this week, forecast amount remain as -2.088M, while
actual amount of Crude Oil Inventories will announce on 29Jul2020 10.30pm
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